Diageo CEO Gets Quarterly Sales Boost In First Stage Of Turnaround
Diageo reported an unexpected rise in first-quarter sales as a US recovery gave CEO Dave Lewis' turnaround plan early momentum.
Corporate
Vers nieuws uit voeding, dranken, persoonlijke verzorging, huishoudelijke verzorging, retail en FMCG-diensten, automatisch bijgewerkt en gelinkt naar de oorspronkelijke uitgever.
Diageo posts improved Q1 from turnaround plan
Diageo has reported improved first quarter results for the period ended on 30 September 2026, with net sales increasing by 1.2 per cent to approximately £3.6bn. During the first…
Diageo to shutter Guinness brewery in Baltimore
The alcohol company is undergoing a $1 billion savings initiative that has involved restructuring its entire business.
Diageo workers to strike at key distillery amid job cuts
Workers at Diageo’s largest distillery are set to strike for almost three weeks in a dispute over job cuts, threatening disruption to the production of some of the drinks giant’s…
Unite proposes strike at Diageo’s Scottish distillery
Trade union Unite announced plans to dispute over job cuts at Diageo’s Cameronbridge distillery in Leven, Scotland. Diageo is the parent company of a portfolio of popular alcohol…
Diageo cut nearly 2K jobs during restructuring
The Guinness owner said its headcount has declined by more than 6% as it prepares a $1 billion savings plan.
Guinness Maker Sheds Nearly 2,000 Jobs As New CEO Leads Overhaul
Diageo's total headcount fell more than 6% year-on-year by the end of June, its annual report showed as the company commences restructuring.
Guinness owner Diageo targets $1B in cost savings
The three-year turnaround plan, which includes job cuts, will boost investments in Guinness and successful RTDs.
Diageo targets $1 billion savings after FY sales decline
The Smirnoff and Johnnie Walker owner reported a net sales decline of 2% for the year ending 30 June 2026 before unveiling $1.2 billion restructuring plan The post Diageo targets…
Struggling Diageo to cut costs by more than a billion
Beverage manufacturer Diageo, owner of Johnnie Walker, Smirnoff, and Baileys, plans to make significant cost cuts following a decline in revenue, while simultaneously investing in…
Lewis bets on Guinness and RTDs in Diageo recovery strategy
Sir Dave Lewis is going deep with cost cutting at Diageo, but he is also intent on restructuring the business to unlock greater value from its portfolio, writes Ron Emler. The…
Union says Diageo ‘steam-rolling’ through job cuts
GMB Scotland has accused Diageo of refusing to engage with workers and ease the impact of job losses at its Scotch distilleries The post Union says Diageo ‘steam-rolling’ through…